Global Ultra Low Temperature Freezer Market

Ultra-low temperature freezers are bio-freezers that are utilized for the preservation of viruses, bacteria, drugs, enzymes, chemicals, and cell preparations tissue samples.

The global ultra-low temperature freezer market was valued at USD 701.48 million in 2015 and is expected to reach at USD 866.93 million by 2022. The expected moderate growth is majorly attributed to growing prevalence of chronic diseases, need for high-efficiency products, and demand for environment-friendly refrigerators. On the other hand, the high cost and maintenance involved, along with ethical issues in embryo freezing are factors restraining the growth of this market.

The market has been segmented based on type of freezers, the end user, and region. Market categorization on the basis of freezer types include upright freezers, and chest freezers. Upright type freezers market was valued at USD 511.93 million in 2015, and is expected to reach USD 638.20 by 2022. Americas region held the largest market share within the global ultra-low temperature freezer market in 2015, and is expected to reach USD 393.93 million by 2022.

Bharat Book Bureau, the leading market research information aggregator provides market research reports, company profiles, country reports, newsletters, and online databases for the past twenty four years to corporate, consulting firms, academic institutions, government departments, agencies etc., globally, including India. Our market research reports help global companies to know different market before starting up business / expanding in different countries across the world.